CBO Holding backs Itaú surety for CBO obligations under BNDES guarantee contract
ITUB•Board approves surety and corporate guarantee
CBO Holding’s board met on July 29, 2026 to back new credit support tied to an offshore unit’s financing.
The company authorized a surety arrangement with Itaú Unibanco, naming the company as joint and several debtor, in favor of Brazil’s BNDES.
It also approved providing a corporate guarantee to secure obligations assumed by Companhia Brasileira de Offshore under the surety contract.
Management actions were ratified, including execution of documents by the company’s directors and affiliates to implement the transaction.
